links of the day - 03-12-10

An awesome presentation on why the rebound is fake and the case for a double dip (TBI)

A 4-point breakdown of Jim Chanos's bearish stance on China (Wall St. Cheat Sheet)

A place where you can bet on box office returns (NYT)

Haiku - LT Wealth

Steady dividends

compounding your capital

path to long term wealth.

-JDW

Haiku - Options

Options have gone Greek.

Delta, gamma, theta, rho -

all parts quantified.

-JDW

Haiku - Efficient Markets Hypothesis

I have a real disdain for the efficient markets hypothesis. I always have. And, unfortunately, I shared that opinion openly with my professors in graduate school. Unfortunate for me, because I had one professor who prayed at the altar of Eugene Fama. We didn't get along. I thought it was ironic that a classroom full of students who were going to stake their careers on the existence of market inefficiencies were being lectured by someone who believed that none existed. Well, I pick up free money (change) on the street.
Anyway, here is a haiku inspired by my EMH-touting prof:

I can't make money

so I doubt it's possible...

...efficient markets.

-JDW

Haiku - Scottrade

I just heard you scream,

did your stock broker just call?

Transfer to Scottrade.

-JDW

links of the day 03-09-10

On the anniversary of the S&P's 12 year low, we ask: are stocks still cheap? (WSJ)

The stock Oscars (TRB)

Global diversification over the long term (CXO Advisory Group)

Why policymakers need to take note of high-frequency trading (Vox)

Haiku - Quants

Quants

Converts from science,

they can model anything,

expressly options.

-JDW

links of the day 03-08-10

The state of the labor market, at a glance (TBP)

What is the real risk of driving a Toyota? (Carnegie Mellon)

Since its inception, the Euro has been a success (WSJ)

Jason Zweig praises one mutual fund manager for his good performance despite infrequent trading (WSJ)

Haiku - Black Monday '87

I apologize that I haven't been posting more, but it has been a hell of a week. I haven't forgotten you, my scores of adulating fans.

This haiku takes us all the way back to October 19, 1987, Black Monday, when the Dow lost 508 points (22%), dropping it to 1,739. Look how far we've come my baby...

Precipitous drop

portfolio insurance

mass wealth destruction.

-JDW

Haiku - Benjamin Gramam

Stock pick whiz, Ben Graham,

Intelligent Investor

taught Warren Buffett.

-JDW